Hi Traders! GBPCAD critical zone provides sell opportunity for us. A detailed analysis of this bearish setup is as follows:
GBPCAD H4 Chart:
On the H4 chart we have a critical zone that has formed based on the cycles. The price which was moving higher has currently reached this critical zone and is moving lower. In addition to this we also have a bearish divergence that has formed which we may consider as an evidence of bearish pressure. Hence everything looks good here for the bears, until this critical zone holds, we may start looking for sells with more bearish evidences.
Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.
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